Lui F U Defends Bus and Train Fare Hike! 60% Still Donch Want to Repent?

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Fare-change formula "ensures operators remain productive"
By Evelyn Choo | Posted: 16 July 2011 2038 hrs <LINK href="http://www.channelnewsasia.com/imagegallery/store/phpmhC8OE.jpg" rel=image_src>
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SINGAPORE: Transport Minister Lui Tuck Yew has said the current fare adjustment formula for public transport ensures operators will remain productive.

He explained that while the formula incorporates the rate of inflation and wage increase, it also takes into consideration a productivity factor of 1.5 per cent.

Mr Lui was speaking on the sidelines of a community event on Saturday.

He said: "So if there is no inflation for the year and there is no wage increase, then the fares will come down by one per cent, which means that we put an incentive on the operators to make sure that they are productive, and that's what the formula does.

"The most important point I want to emphasise is we have to allow PTC (Public Transport Council) to study what the operators have come up with, and they will decide in due course."

His remarks come after Singapore's two public transport operators SBS Transit and SMRT submitted applications to the Public Transport Council to adjust bus and train fares.

Mr Lui assured that the PTC will evaluate their applications and moderate them accordingly.

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